The Last Bulls Standing – Not Everyone is Urging Investors to Sell in May

This week’s investor groupthink came courtesy of the American investment banks, a number of which turned bearish on U.S. stocks at around the same time.

From Goldman Sachs to Bank of America Merrill Lynch to Citigroup, analysts were making calls this week urging investors to sell in May and go away — maybe even go away for a while. All you had to do was look at the signals, they argued: A newly hawkish Fed bringing rate risk back into play; a frothy-looking rally in emerging market assets; the U.S. profit recession. Read More…